The AUD/USD opens the new trading anniversary aing to the 0.7050 zone, testing a aftermost week’s lows for the brace as the Aussie plumbs into new lows for 2018.
The Aussie’s bearish aisle has accelerated afresh as the US Dollar continues to be stered by risk-off bazaar affect and ascent US Treasury bonds, and the AUD/USD above brace has bankrupt collapsed or bottomward for six beeline trading days.
Monday will be a quiet activity for AUD traders, with little allusive abstracts on the bread-and-er calendar, and the aboriginal trading affair will be missing some accustomed trading aggregate with Japanese markets aphotic for a continued weekend.
China’s Caixin PMI will be bottomward aboriginal in the day at 01:45 GMT, accepted to authority abiding at 53.5%, and Aussie markets could see some knock-on animation if China’s PMI misses expectations.
AUD/USD levels to watch
Technical levels leave the AUD/USD afraid out to dry, according to FXStreet’s own Valeria Bednarik: “the AUD/USD brace is oversold according to the circadian chart, but there are no abstruse signs of a accessible change in the ascendant bearish trend,
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